Home Buying in 28262>Question Details

ANN QUIRKE, Home Buyer in Hollywood, FL

We are looking to buy a budget condo in Florida. Agents vary one said not all are what they seem, yet her agency has many budget properties.

Asked by ANN QUIRKE, Hollywood, FL Mon Mar 3, 2014

What should we be looking for, what are the pitfalls ??.We live in Ireland.

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Answers

3
When looking for a condo from so far away, it is critical that you develop a strong and trusting relationship with an agent that represents you only, and not any of the condo sellers. Your buyer agent will be able to tell you which units are truly the best values and which deals are simply too good to be true. For example, some units may be in buildings that are in poor condition or have HOA's with no reserve funds. Some complexes have wonderful amenities, and some have little to none, or ones in poor condition and no useable. You also want to be wary of complexes with an unusually high percentage of rentals or a high percentage of owners who are behind on their HOA dues.

You also need to be aware of the true costs of owning the property. You need to know exactly what your monthly costs will be so that you can "compare apples to apples" when looking at several units. Your monthly costs will include your HOA fees, taxes & utilities. Your buyer agent can outline all of the costs for you so that you can make the best educated decision possible.

Best Success!

Kathleen Turner
The Kathleen Turner Realty Group
Keller Williams Realty
704-609-2688
http://www.BuyAHomeInCharlotte.com
1 vote Thank Flag Link Mon Mar 3, 2014
One thing you will want to look at beside the price is the condo fees, and also the location of the condo. There is usually a reason or two that they are "cheap."
1 vote Thank Flag Link Mon Mar 3, 2014
Ann, there is WAY TO MUCH to know that simply can not be covered in a Q & A session. You should request my FLORIDA CONDO BUYER"S GUIDE for a comprehensive look at the buying process and how to analyze the data that will be presented to you.

Be adivsed, when lacking any definition of 'budget' one must know the lower the budget the closer to the pitfalls you will get.

Best of Success
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
0 votes Thank Flag Link Mon Mar 3, 2014
Thanks Annette
I will look at your website for more information
Ann
Flag Mon Mar 3, 2014
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